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    Western Asset Emerging Markets Debt Fund Inc. (EMD or "the Fund"; CUSIP: 95766A101) Announces Notification of Sources of Distributions

    12/2/24 8:00:00 AM ET
    $EMD
    Finance/Investors Services
    Finance
    Get the next $EMD alert in real time by email

    Western Asset Emerging Markets Debt Fund Inc. (NYSE:EMD)

    Notification of Sources of Distributions

    Pursuant to Section 19(a) of the Investment Company Act of 1940

    The Fund's estimated sources of the distribution to be paid on December 2, 2024, and for the fiscal year 2024 year-to-date are as follows:

    Estimated Allocations for the November Monthly Distribution as of October 31, 2024:

    Distribution

    Per Share

    Net Investment

    Income

    Net Realized

    Short-Term Capital

    Gains

    Net Realized

    Long-Term Capital

    Gains

    Return of

    Capital

    $0.0845

    $0.0619

    $0.0000

    $0.0000

    $0.0226

    100.00%

    73.26%

    0.00%

    0.00%

    26.74%

    Cumulative Estimated Allocations fiscal year-to-date as of October 31, 2024, for the fiscal year ending December 31, 2024:

    Distribution

    Per Share

    Net Investment

    Income

    Net Realized

    Short-Term Capital

    Gains

    Net Realized

    Long-Term Capital

    Gains

    Return of

    Capital

    $0.8450

    $0.5741

    $0.0000

    $0.0000

    $0.2709

    100.00%

    67.94%

    0.00%

    0.00%

    32.06%

    Shareholders should not draw any conclusions about the Fund's investment performance from the amount of the current distribution or from the terms of the Plan. EMD estimates that it has distributed more than its income and net realized capital gains; therefore, a portion of the EMD distribution to shareholders may be a return of capital. A return of capital may occur, for example, when some or all of the money that a shareholder invested in a Fund is paid back to them. A return of capital distribution does not necessarily reflect EMD's investment performance and should not be confused with ‘yield' or ‘income'. The amounts and sources of distributions reported herein are only estimates and are not being provided for tax reporting purposes. The actual amounts and sources of the amounts for tax reporting purposes will depend upon the Fund's investment experience during the remainder of its fiscal year and may be subject to changes based on tax regulations. The Fund will send a Form 1099-DIV to shareholders for the calendar year that will describe how to report the Fund's distributions for federal income tax purposes.

    Average Annual Total

    Return (in relation to

    the change in net asset

    value (NAV) for the 5-

    year period ended on

    10/31/2024)1

    Annualized

    Distribution Rate (as a

    percentage of NAV as

    of 10/31/2024)2

    Cumulative Total

    Return (in relation

    to the change in

    NAV for the fiscal

    period through

    10/31/2024)3

    Cumulative Fiscal

    Year-To-Date

    Distribution Rate (as

    a percentage of NAV

    as of 10/31/2024)4

    1.35%

    9.49%

    9.59%

    7.90%

    Fund Performance and Distribution Rate Information:

    1. Average Annual Total Return in relation to NAV represents the compound average of the Annual NAV Total Returns of the Fund for the five-year period ended through October 31, 2024. Annual NAV Total Return is the percentage change in the Fund's NAV over a year, assuming reinvestment of distributions paid.
    2. The Annualized Distribution Rate is the current fiscal period's distribution rate annualized as a percentage of the Fund's NAV as of October 31, 2024.
    3. Cumulative Total Return is the percentage change in the Fund's NAV from December 31, 2023 through October 31, 2024, assuming reinvestment of distributions paid.
    4. The Cumulative Fiscal Year-To-Date Distribution Rate is the dollar value of distributions for the fiscal period December 31, 2023 through October 31, 2024, as a percentage of the Fund's NAV as of October 31, 2024.

    This Fund has a managed distribution policy that seeks to deliver the Fund's long-term total return potential through regular monthly distributions declared at a fixed rate per common share. Distributions may be paid in part or in full from net investment income, realized capital gains and by returning capital, or a combination thereof. Shareholders should note, however, that if a Fund's aggregate net investment income and net realized capital gains are less than the amount of the distribution level, the difference will be distributed from the Fund's assets and will constitute a return of the shareholder's capital. A return of capital is not taxable; rather it reduces a shareholder's tax basis in his or her shares of the Fund. The Board of Directors of the Fund may terminate or suspend the managed distribution policy at any time, which could have an adverse effect on the market price of the Fund's shares.

    For further information on Western Asset Emerging Markets Debt Fund Inc., please visit our web site at:

    www.franklintempleton.com/investments/options/closed-end-funds

    Data and commentary provided in this press release are for informational purposes only. Franklin Resources and its affiliates do not engage in selling shares of the Funds.

    Category: Distribution Related

    Source: Franklin Resources, Inc.

    Source: Legg Mason Closed End Funds

    View source version on businesswire.com: https://www.businesswire.com/news/home/20241202377433/en/

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    Q&A

    New
    • What is the estimated distribution per share for the Western Asset Emerging Markets Debt Fund for November 2024?

      The estimated distribution per share for the Fund for November is $0.0845.

    • What are the estimated sources of the distribution for the Fund in November 2024?

      The sources of the distribution for November 2024 are 73.26% from net investment income and 26.74% as return of capital, with no distributions from net realized short-term or long-term capital gains.

    • What is the cumulative estimated distribution per share for the Fund for the fiscal year-to-date as of October 31, 2024?

      For the fiscal year-to-date as of October 31, 2024, the cumulative distribution per share is estimated to be $0.8450.

    • What is the average annual total return for the Western Asset Emerging Markets Debt Fund for the five-year period ending October 31, 2024?

      The average annual total return of the Fund in relation to its NAV for the five-year period ended October 31, 2024 is 1.35%.

    • What does it mean if a distribution from the Fund is classified as a return of capital?

      A portion of the Fund's distribution may be a return of capital, which can occur when some of the shareholder's investment is paid back to them and does not reflect the Fund's investment performance.

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